New Property Projects in Manhattan

Posted by Wei Min Tan on August 16, 2022

New property projects in Manhattan are being marketed globally to foreign buyers looking to diversify their portfolio.  Foreign clients are overloaded with information of Manhattan new property projects on multiple fronts.  This makes the decision process confusing for the investor.  It is important to understand all before investing in new property projects, as property is not a liquid asset.

Weimin’s article: How to Buy New Launch Property in Manhattan

Purchasing new property in Manhattan entails visiting the sales office and evaluating material and floor plans before the building is finished.  The buyer makes a deposit, and the remainder is due when the project is done, which is normally in 1.5 or two years.  The supply of new property developments is a very small subset of total property inventory.  This is because Manhattan is completely built up and there is limited accessible land for developers to put new structures on.

Weimin’s article: Rental contracts with Manhattan apartments

Read about Wei Min’s style in Best Manhattan property agents and Role of a buyer’s broker.

New Property Projects in Manhattan

Below is the inventory of all new property projects in Manhattan.  In New York and the U.S. in general, all inventory is public information.  A buyer is encouraged to have a buyer’s broker in navigating the pros and cons of each property to maximize appreciation potential and rental returns.